Hive's Underwriters' Bruce Carman on navigating turbulence in aviation
Description
Nobody likes flying in turbulence, and in recent years aviation insurers have faced their fair share of upheaval.
First there was the major claim stemming from the war in Ukraine, and following that a string of claims for the all-risk market in 2025.
Launched in 2017, Hive Underwriters has built out despite these challenging conditions, and its CEO Bruce Carman told Behind the Headlines he is eyeing expansion into new classes.
He explains how the war market has learned from the Ukraine event, but there is still more work to do.
And during a busy airline all-risk renewal period, Carman said the nudge north in rating is not enough to account for the loss activity in the class.
In our news discussion, Fiona Robertson gives a lowdown of the noteworthy discussion points from Insurance Insider’s London Market Conference.
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